H2O America (NASDAQ:HTO) Reaches New 52-Week High – Here’s What Happened

Shares of H2O America (NASDAQ:HTO) hit a new 52-week high during trading on Tuesday . The company traded as high as $59.00 and last traded at $58.42, with a volume of 37754 shares traded. The stock had previously closed at $58.68.

Analysts Set New Price Targets

Several brokerages have recently commented on HTO. Zacks Research cut shares of H2O America from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Barclays increased their price objective on shares of H2O America from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Wall Street Zen lowered shares of H2O America from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of H2O America in a research note on Thursday, January 22nd. Finally, UBS Group set a $61.00 price target on H2O America in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, H2O America currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

H2O America Stock Down 0.5%

The company has a market capitalization of $2.11 billion, a P/E ratio of 20.01, a P/E/G ratio of 3.05 and a beta of 0.48. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.21. The firm has a fifty day simple moving average of $53.97 and a 200-day simple moving average of $50.29.

H2O America (NASDAQ:HTO) last issued its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter. The business had revenue of $194.19 million during the quarter, compared to analyst estimates of $195.73 million. H2O America had a return on equity of 7.08% and a net margin of 12.81%.H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, equities research analysts expect that H2O America will post 2.75 EPS for the current fiscal year.

H2O America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, February 9th. H2O America’s dividend payout ratio (DPR) is presently 60.27%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC raised its position in H2O America by 194.9% in the 4th quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider’s stock valued at $26,000 after buying an additional 347 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of H2O America by 1,020.8% in the fourth quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 541 shares in the last quarter. Hughes Financial Services LLC bought a new stake in shares of H2O America in the third quarter worth $40,000. Farther Finance Advisors LLC acquired a new position in H2O America during the fourth quarter worth $40,000. Finally, IFP Advisors Inc increased its stake in H2O America by 139.8% in the 4th quarter. IFP Advisors Inc now owns 976 shares of the utilities provider’s stock valued at $48,000 after buying an additional 569 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

About H2O America

SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.